Opposition to Market-Distorting Tax and Fiscal Subsidies
78. No Corporate Welfare
We encourage government to divest its ownership of all businesses that should be run in the private sector. We oppose all bailouts of and subsidies to domestic and foreign government entities, states, and for all businesses, public and private. We agree with the Texas Constitution’s requirement for fair and uniform taxation and oppose special treatment or tax breaks for favored industries or companies. We call for repeal or sunset of existing subsidy or special-interest tax exemptions, including the Special Events Trust Fund program, the Texas Enterprise Fund, Moving Image Industry Incentive Program, and lab-grown meat incentives, and now request repeal of Chapter 403.601 of the Texas Tax Code. Tax dollars shall not be used to fund the building of stadiums for professional or semi-professional sports teams, unless otherwise approved by a two-thirds (2/3) majority of those voting and only if 20% of all registered voters in the district cast ballots. (S, L)
